701-707 W 17th St, Santa Ana, CA 92706

701-707 W 17th St, Santa Ana, CA 92706
701 W 17th St, Santa Ana, CA 92706, USA
For Sale Property Listing - Commercial

Lee & Associates – Newport Beach is pleased to exclusively offer for sale the fully leased 4-tenant retail strip property located at 701-707 W 17th St in Santa Ana, California. The property is located at the northwest corner of 17th Street and Heliotrope Drive, just west of the 5 Freeway and adjacent to the Floral Park Historic District neighborhood.

This 4-tenant retail property is located in one of the most dense areas of Orange County. It’s central Santa Ana location just off the 5 Freeway positions it to be attractive to a variety of tenants whose customers value ease of access. The largest tenant, Player’s Choice, occupies 59% of the property and has been a neighborhood staple for decades. The new Muay Thai martial arts tenant is on a 1-year test lease and is expected to extend for a longer term. The two middle office-use tenants, insurance & legal, are on standard 3-year NNN leases with 3-year options.

The property has upside not only in the under-market rents, but also in passing through all NNN expenses, which is not being done by the current owner. There is opportunity for a new owner to realize this upside by extending leases at greater rental rates and/or tenant replacement, in addition to more proficient property management.

 

Download Full Property Brochure And Images

Property on Map

Agent Kevin Thomas

Kevin Thomas Orange County Commercial Real Estate

Kevin Thomas is the creative mind behind OC Industrial Group. Since 1999, Kevin has been a visionary leader in the…
Learn More

Contact

Privacy Agreement *

Loading...

Similar Properties